Tom joined the Minneapolis Fed in 2012. Previously, he was an economist at the Federal Reserve Board of Governors, which he joined in 2004.
Prior to his work at the Board, Tom was an assistant professor at Carnegie Mellon University and a visiting assistant professor of finance at the University of Pennsylvania. He also served as an adjunct associate professor of economics at The Johns Hopkins University. Tom holds a B.A. in mathematics and economics from the University of Pennsylvania, and a Ph.D. in economics from the University of Chicago.
Refereed Publications & Working Papers
Macroprudential Policy: Results from a Tabletop Exercise
2019 | Federal Reserve Bank of Cleveland Working Papers 191100 | With Denise Duffy, Joseph G. Haubrich, Anna Kovner, Alex Musatov, Edward Simpson Prescott, Richard J. Rosen, Alexandros Vardoulakis, Emily Yang, and Andrei Zlate
External Habit and the Cyclicality of Expected Stock Returns
2005 | Journal of Business, 78(3): 1023-1048 | With Harold H. Zhang
Previously: Federal Reserve Board, Finance and Economics Discussion Series 2005-27
Risk-Sensitive Real Business Cycles
2000 | Journal of Monetary Economics, 45(3): 507-532
Previously: Carnegie Mellon University, GSIA Working Papers 1997-35
Whose Habit is it Anyway?
2000 | Carnegie Mellon University, GSIA Working Papers 2001-E22
Robust Permanent Income and Pricing
1999 | Review of Economic Studies, 66(4): 873-907 | With Lars Peter Hansen and Thomas J. Sargent